unstainable, untenable. that created a set of expectations about future performance in the financial sector and other sectors of the economy that was not plauzably sustainable over time. so there's been a bit of gravity and expectations as people think about what it's going to take for us to grow in a more balanced same way going forward. we can't have an economy where we expect growth to come from sustained borrowing by relatives individual income to finance overinvestment housing. not a plausible long-term strategy. again, i think the broad adjustment you're seeing in the u.s. economy we should find encouraging. it's nor investment and export led. it's coming with a improvement in private savings rates. even the beginnings of improvement in public savings, public debt, fiscal debt coming down. bringing down burdens, financial sector much more stable, and we have a very resilient, very dynamic american economy. you can see that across the broad strength you're seeing, and i think if you look ahead, the worl

this trend is unacceptable because it is unstainable. we need to abate the automatic tax increase as soon as possible. third is my concern affecting tv broadcasters maintenance of the so-called political file. now, transparency is a laudable public policy goal, especially in the context of political spending. furse per more, providing broadcasters with more cost effective means to comply with rules is a noble endeavor. congress should be aware that the proposed rules create many factual and legal complexities that are not obvious at first glance. the political file contains information regarding candidates seeking to purchase political ads on tv and can shed light on the spending patterns of campaign, political committees, third party groups, super pacs and such. unlike other parts of politics inspection files the contents of the political file do not speak to whether a broadcaster is serving its local community of license. the political file is a tool instead for examining campaign spending rather than broadcaster behavior. congress sho